Victory Fintech (VDX) can operate an SFC-licensed crypto platform in Hong Kong
Victory Fintech (VDX) has been added to the Securities and Futures Commission’s register of licensed virtual asset trading platforms, according to the crypto-trading-approval/”>hong kong Securities and Futures Commission. The authorization enables VDX to operate a regulated crypto platform in Hong Kong.
It is the first addition to the SFC’s VATP list since June 2025. VDX is a subsidiary of victory securities.
Why this SFC virtual asset trading platform license matters now
As reported by CoinDesk, this is the first SFC virtual asset platform approval since June 2025, underscoring a selective but open licensing posture. The move suggests Hong Kong continues admitting new entrants that satisfy stringent compliance and investor‑protection standards.
Regulatory initiatives also continue to evolve under Hong Kong’s framework, including margin financing with constrained collateral and professional‑only access to certain derivatives, according to the South China Morning Post. “Virtual assets have become a tool in the race for financial supremacy,” said Julia Leung Fung-yee, CEO of the Securities and Futures Commission.
Immediate impact: first approval since June and market reaction
Market reaction was swift: Victory Securities’ shares rose about 10.3% on February 16, 2026, and analysts flagged likely near‑term scale constraints such as BTC/ETH‑only collateral for margin financing, according to AInvest flow analysis. These constraints may moderate early volumes even as regulated access expands.
The approval expands Hong Kong’s roster of regulated platforms to 12, as reported by SQMAGAZINE. That count signals a growing, yet tightly supervised, marketplace for virtual asset trading.
At the time of this writing, Bitcoin (BTC) traded near $68,918 with very high recent volatility and neutral momentum. These conditions provide context rather than a view on price or volumes.
What Hong Kong’s regime permits: access, products, and safeguards
Access and products under Hong Kong crypto regulation (retail vs professional)
Licensed Hong Kong platforms may offer spot virtual asset trading to retail investors within defined safeguards. Products such as perpetual contracts are restricted to professional investors under the current regime. Platforms also face detailed onboarding and suitability requirements. VDX’s initial lineup has not been disclosed.
Custody, risk controls, and BTC/ETH-only collateral for margin financing
Hong Kong’s rule set emphasizes custody segregation, independent audits, and operational risk controls. Under margin financing, collateral is currently limited to Bitcoin and Ethereum, aiming to contain volatility and liquidity risks. These parameters influence leverage availability and platform scale. Implementation details will determine user experience.
FAQ about SFC virtual asset trading platform license
Why is this approval significant as the first since June 2025, and what does it signal about Hong Kong’s crypto policy?
It ends the approval gap since June 2025, signaling continued but selective licensing and a balance of innovation with investor protection within Hong Kong’s regulated framework.
Which assets and products will VDX support at launch, and how do collateral limits (BTC and ETH only) affect margin financing?
VDX’s launch assets and products were not specified. Margin financing collateral is limited to BTC and ETH, which constrains leverage and may cap early trading scale.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Other Posts
- Amplify 2024: Ohio’s Premier Blockchain Summit
- Polymarket Announces U.S. Beta Relaunch Amid Market Buzz
- China, US Conclude Trade Talks with Focus on Cooperation
- Michael Saylor Denies Bitcoin Sell-Off Amid Large BTC Transfer
- Court Upholds Fed’s Rejection of Custodia Bank’s Request
- Kazakhstan Explores Crypto Reserves Backed by National Funds
- Nordea Bank Introduces Bitcoin ETP Trading for Nordic Customers
- U.S. Treasury Proposes New Tax Relief Regulations
- EU Opens Antitrust Probe Into Deutsche Boerse and Nasdaq Derivatives Dealings
- Radiant Capital Faces $50M Loss in Major Security Breach
- SEGG Media Unveils $300 Million Crypto Reserve Plan
- 21Shares Files S-1 With SEC to Launch Hyperliquid ($HYPE) ETF
- Hong Kong Sentences Influencer for Unlicensed Investment Advice
- Franklin Templeton Signals TradFi and Crypto Integration
- JPMorgan Increases Holdings in BlackRock’s Bitcoin ETF
- Crypto Leaders Address Macro Volatility Amid Market Shifts
- Capital A and Standard Chartered Explore Malaysia Stablecoin Launch
- CFTC Chairman Selig Plans to Formalize Crypto Regulations
- JPMorgan Chase Launches 24/7 Digital Deposit Token for Clients
- MicroStrategy Retains Spot in Nasdaq 100 Amid Criticism
- Amplify 2024: Ohio’s Premier Blockchain Summit
- Polymarket Announces U.S. Beta Relaunch Amid Market Buzz
- China, US Conclude Trade Talks with Focus on Cooperation
- Michael Saylor Denies Bitcoin Sell-Off Amid Large BTC Transfer
- Court Upholds Fed’s Rejection of Custodia Bank’s Request
- Kazakhstan Explores Crypto Reserves Backed by National Funds
- Nordea Bank Introduces Bitcoin ETP Trading for Nordic Customers
- U.S. Treasury Proposes New Tax Relief Regulations
- EU Opens Antitrust Probe Into Deutsche Boerse and Nasdaq Derivatives Dealings
- Radiant Capital Faces $50M Loss in Major Security Breach
- SEGG Media Unveils $300 Million Crypto Reserve Plan
- 21Shares Files S-1 With SEC to Launch Hyperliquid ($HYPE) ETF
- Hong Kong Sentences Influencer for Unlicensed Investment Advice
- Franklin Templeton Signals TradFi and Crypto Integration
- JPMorgan Increases Holdings in BlackRock’s Bitcoin ETF
- Crypto Leaders Address Macro Volatility Amid Market Shifts
- Capital A and Standard Chartered Explore Malaysia Stablecoin Launch
- CFTC Chairman Selig Plans to Formalize Crypto Regulations
- JPMorgan Chase Launches 24/7 Digital Deposit Token for Clients
- MicroStrategy Retains Spot in Nasdaq 100 Amid Criticism
- Amplify 2024: Ohio’s Premier Blockchain Summit
- Polymarket Announces U.S. Beta Relaunch Amid Market Buzz
- China, US Conclude Trade Talks with Focus on Cooperation
- Michael Saylor Denies Bitcoin Sell-Off Amid Large BTC Transfer
- Court Upholds Fed’s Rejection of Custodia Bank’s Request
- Kazakhstan Explores Crypto Reserves Backed by National Funds
- Nordea Bank Introduces Bitcoin ETP Trading for Nordic Customers
- U.S. Treasury Proposes New Tax Relief Regulations
- EU Opens Antitrust Probe Into Deutsche Boerse and Nasdaq Derivatives Dealings
- Radiant Capital Faces $50M Loss in Major Security Breach
- SEGG Media Unveils $300 Million Crypto Reserve Plan
- 21Shares Files S-1 With SEC to Launch Hyperliquid ($HYPE) ETF
- Hong Kong Sentences Influencer for Unlicensed Investment Advice
- Franklin Templeton Signals TradFi and Crypto Integration
- JPMorgan Increases Holdings in BlackRock’s Bitcoin ETF
- Crypto Leaders Address Macro Volatility Amid Market Shifts
- Capital A and Standard Chartered Explore Malaysia Stablecoin Launch
- CFTC Chairman Selig Plans to Formalize Crypto Regulations
- JPMorgan Chase Launches 24/7 Digital Deposit Token for Clients
- MicroStrategy Retains Spot in Nasdaq 100 Amid Criticism
Latest
Press Release
Cango Inc. Closed the US$10.5 Million Equity Investment and Secured US$65 Million Additional Equity Investments
Phemex Astral Trading League (PATL) Goes Live, Building a Sustainable Seasonal Trading Progression System
